A federal judge on Thursday rejected a request by cryptocurrency exchange Binance (CRYPTO: BNB) for arbitration in a case involving customer claims over losses from unregistered tokens.

Customers Can Pursue Claims, Rules Judge

U.S. District Judge Andrew Carter of the Southern District of New York ruled that Binance failed to adequately inform its customers about changes to its terms of usage, reported Reuters. These changes included an arbitration requirement and a class-action waiver.

Carter deemed the alleged class-action waiver in Binance’s 2019 terms of use “ambiguous and unenforceable.”

A Binance spokesperson told Benzinga that the company would “vigorously defend the…

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